Here's a statement of the obvious: The opinions expressed here are those of the participants, not those of the Mutual Fund Observer. We cannot vouch for the accuracy or appropriateness of any of it, though we do encourage civility and good humor.
Reply to @BobC: Yeah, I think it becomes a real issue when something like NEARX would have been preferable in recent years.
If Hussman is hedging nearly 100% of the dollar value of the portfolio (wouldn't it be more "market neutral" than a "long-sh…
You'll probably be jumped on. Anything alternative (such as something with "absolute return" in the title) is going to be disliked by some on the board. I think just about everyone has given up on Hussman who held the fund (anyone still with Hussma…
Not much of a fan of the option income CEFs, but otherwise, gold stocks are certainly one of the biggest examples in ages of commodity stock not following commodity, and not just one or two examples but across the board.
I think I've been a skeptic of the whole push to mobile, but I certainly think at this point and after trying more Apple devices lately, it's certainly difficult to deny (and further after Apple's quarter yesterday.) I suppose my curiosity in terms …
It's an interesting global allocation fund that they are presenting as a risk parity fund - which I'm not sure this fund always was (it looks like it was changed from a balanced fund to a risk parity strategy not that long ago?). Personally, I'd rec…
It's kind of interesting in terms of highly concentrated approach, but I'm not really seeing anything compelling in terms of stock selection/performance. Their large holding in Wal-Mart and Wal-Mart De Mexico (those two make up about 20% of the fund…
"That overconfidence can lead us to some faulty decision making."
Personally, I continue to think that technology (and I've said this on your threads before) plays a large role in investment decisions in that it is vastly easier to make quick buy/s…
The Cambiar funds continue to seem really hit and miss - either they outperform strongly or they're at the back of the pack. I own Janus Overseas and added to it at the end of last year. All of the energy and precious metals (and to a large extent n…
Reply to @Chinfist: It's $10k under the information on the fund page. When you go to purchase, it's 0/NTF. Almost all the funds from that company (some of which are Canadian-focused) are (all are no min, some are not NTF.)
I would look to get back into Salient MLP energy and infrastructure (SMF) on a substantial pullback. Otherwise, I have natural resource exposure scattered across a number of investments.
Reply to @randynevin: Happy to help. I have not invested in it, but it is NTF/no min at Ameritrade. It would be for someone looking for a very aggressive, high turnover growth fund. It's not CGM Focus (although CGM Focus has not been CGM Focus for a…
Reply to @Maurice: Certainly not saying that anyone should run out today and invest and definitely noted that it would be a very aggressive, high-risk holding. Just noting a rather strong (and completely unheard of) performer over the last 3 yrs th…
I would be more worried about how much MLPs have run up than either of the above issues, which is why I still remain pretty much out. This has been discussed a few times on financial media that I've seen recently, as well - people just continue to g…
The Nasdaq is Apple down. Again, rather concerning that so much attention and focus is paid to one company - CNBC on in the background "OMG APPLE IS DOWN OH NOES WHAT DO WE DO!!?!?"
Reply to @BobC: Seconding what Bob said - Marketfield (whose managers I don't agree with on some larger themes such as EM and prec metals among a couple of other things, but who I do respect) functions as sort of a counter-point in my portfolio and …
I noted the other day that I will make fewer and fewer moves this year for a number of reasons, although the end result of that is far less of a paperwork mess at the end of the year. My cat kept sitting on my paperwork ("Having fun, human?")
Sorry…
Maybe some sort of fair value pricing (which I believe Matthews has done), maybe their holdings were down slightly while the Asian markets were up a bit? I wouldn't be overly concerned by mild fractional moves to the downside - especially if you ha…
Thanks everyone for their contributions, some really strong and inspired choices and even without commentary, I still found the lists really interesting to see. Hopefully others did, as well.
Reply to @Old_Joe: "To resolve the issue, the Federal Reserve has engineered a negative real-interest-rate environment combined with higher rates of inflation. It is trying to facilitate an adjustment process in which resources are taken from savers…
Reply to @Old_Joe: Most people here are something of a "family" and we are here to help each other and while some of us may not always put things the way that we want to hear/the nicest way, it's not meant badly - I actually agree with investor in t…
Reply to @MikeM: I'll agree with MikeM, having a Scottrade, Ameritrade, etc account where thousands of various funds are available in one place just seems vastly easier than having to deal with *each specific fund company*, all of which handle thing…
For every doomsday prophet, there are more than a few people who are carelessly, mindlessly cheerleaders. My favorite being James Altucher, the incredibly arrogant, smug former Cramer sidekick who wrote "Forget Your Fears, Everything is Cheap" in Ju…
Reply to @Old_Joe: We either continue to bail out banks when need be or let them fail. Banks have failed before. Whether or not major banks will be allowed to fail again is questionable, which - to any rational being should be incredibly upsetting. …
Reply to @CathyG: I don't know about RJ in terms of brokerage, but I have to say, the best thing that some family members did was switch from dealing with a broker (which was often about which "products" the brokerage was pushing/which companies the…
Reply to @MikeM: The other issue would be fees for NTF funds held less than a certain time period ($49.99 at Ameritrade for funds held less than 180 days, for example.)
Reply to @CathyG: The various Arbitrage funds - Merger (MERFX) or Arbitrage (ARBFX) or AQR Diversified Arb (ADANX, I think?) would be a place to park low-key (although there is certainly still *some* risk) non fixed-income money I'd consider person…
The main issue with this asset class when dealing with individual MLPs are the K-1 tax forms that are generated. This does not occur with the funds.
Personally, I owned Salient MLP Energy and Infrastructure, which I think is an excellent and unique…
Reply to @MikeM: I own Marketfield, whose views on emerging markets differ from my own (MFLDX) and that fund - at last check - remains short. While I don't agree with the MFLDX managers on EM or a couple of other of their macro views, I do respect …
I own AQRNX as sort of an alternative/world allocation fund. In terms of moderate allocation, I like FPACX. The fund you mention has had an off year this year, although it has a very solid long-term record and one could look at this year as a buying…
Reply to @David_Snowball: Thank you for your comments, David - they are always appreciated. There is the Global Hedge fund holdings ETF, which you mentioned, but there is also an ETF coming called Global X Listed Hedge Funds ETF (The fund holds se…
I'm rather curious about the global listed hedge fund ETF from Global X. There's barely any listed hedge funds in the world (although I suppose I'll have to read the prospectus to see what qualifies as a "listed hedge fund.")
"First, there is just some old fashioned catchin'-up to do. Secondly, he says there's going to be a sort of "ah-ha" moment in which investors acknowledge that a 2% bond yield in a 2% inflationary environment is a loser. And once they do, he says the…
